Facebook planning to sell pay channel streaming services to users: Report
Consumers who subscribe to pay channels would also be able to watch them on Facebook
Published - Dec 14, 2018 5:32 PM Updated: Dec 14, 2018 5:32 PM
Taking a big step in the video space, Facebook is reportedly planning to strike deals with pay TV networks to sell consumer subscriptions.
According to media reports, the social network is talking to pay TV channels about a proposal to sell those companies’ streaming TV services on its platform.
Reports suggest that consumers who subscribe to the pay channels would also be able to watch them on Facebook’s properties.
This will be something similar to what Amazon has been doing. Reports have quoted industry sources as saying that Facebook could launch the service in the first half of 2019.
The step from Facebook does not come as a surprise as the social media platform has always working towards becoming a video hub for sometime now.
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